410 Dixieland Rd Harlingen, TX 78552-5907

Property Details for 410 Dixieland Rd

Year built

2016

Lot size

0.43 lot acres

Property size

2,392 SF

Property type

Commercial real estate

APN

25-4300-0010-0010-00

APU

2543000010001000

Description

This exceptional investment opportunity presents a 2,392 square foot Chipotle restaurant located at 410 Dixieland Rd, Harlingen, TX 78552. Built in 2016, this property sits on a 0.42-acre lot and benefits from a 15-year absolute NNN lease with approximately 6.9 years remaining. The lease includes a corporate guarantee from Chipotle Mexican Grill, Inc., the largest fast-casual restaurant chain in the U.S., ensuring consistent rental income. The lease features 10% rent bumps every five years, throughout the primary term and option periods. Four, five-year renewal options further secure long-term returns. The property boasts excellent visibility and access from Expressway 83, which sees 112,000 vehicles per day. With a current NOI of $128,700 and a 5.35% cap rate, this investment offers strong cash flow potential in a rapidly growing region of Texas, the world's ninth-largest economy. The property's location in the Rio Grande Valley, a high-growth area, and its proximity to Weslaco, a logistics center, contribute to its significant investment appeal. The asking price is $2,406,000, translating to $1,005.85 per square foot. This is a rare opportunity to acquire a well-performing, established asset with a strong tenant and significant upside potential.